AGS Transact Technologies Limited announced a series of high-profile resignations from its leadership team, as disclosed in a regulatory filing on April 1, 2025. The company stated that Executive Directors Stanley Johnson Panacherry and Vinayak Goyal, along with Chief Financial Officer Saurabh Lal, have tendered their resignations.
Stanley Johnson Panacherry, who served as Executive Director and Key Managerial Personnel, has resigned with effect from the close of business hours on April 30, 2025, citing personal reasons. Vinayak R. Goyal, also an Executive Director and KMP, stepped down effective April 1, 2025, to pursue further education.
Additionally, the company’s CFO, Saurabh Lal, has resigned due to personal reasons, with his resignation taking effect from the close of business on April 1, 2025.
The company has acknowledged these developments during its Board meeting held on April 1, and confirmed that all relevant disclosures are made in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations.
These exits come at a time when AGS Transact Technologies is navigating a dynamic phase in the payments and financial tech ecosystem. The company has not announced replacements yet for the vacated positions.
